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Bi Monthly Market Update | A Santa Claus rally?

By Jody Fewster

A Santa Claus rally?

  • US Manufacturing and housing data exceeded expectations giving the DOW Jones a lift. Year on year, the index is up 22.4%.
  • The NADAQ has risen 33.8% this year, so no wonder the ASX is introducing our own Tech Index (the S&P ALLTech) in early 2020.
  • After inching close to its record peak on Monday, the ASX-200 closed lower yesterday with the Banks feeling more pain from the regulators. Year to date, the index is up 21.3%.
  • Our state’s economy is also improving with the unemployment rate falling to 5.7% from 6.2% at the start of the year.
  • On the property front, there are more positive signs with mortgage lending across WA jumping 9% in the past three months according to Domain.
  • Anecdotally, when the share market moves up the Western Suburbs property market follows.
  • Having personally put over $90 million worth of property under contract this year we are looking forward to a stronger year ahead.
  • As this is my last newsletter for 2019, my team and I wish you and your families a very Merry Christmas and a healthy and prosperous new year.
Authored by Jody Fewster
Please call 0414 688 988 if I can provide you with a current market appraisal and detailed marketing plan for your home or investment property.
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